Pattaya One News
Home » Thai Airways rehabilitation may take up to seven years, legal advisor says
National

Thai Airways rehabilitation may take up to seven years, legal advisor says

Thai Airways

The rehabilitation of flag carrier Thai Airways International Pcl (THAI.BK) may take up to seven years, the airline’s legal advisor said on Monday.

After the bankruptcy court allows the rehabilitation, its planners may take five months to a year to draw up the plan, Kitipong Urapeepatanapong, told a news briefing. The rehabilitation timeframe would be five years, extendable for up to two years.

After courts approve the plan, an administrator will be appointed. Thai Airway’s first hearing is scheduled for August 17.

“The Thai Airways rehabilitation plan should conclude within 7 years, which can include debt to equity conversions, selling assets or an equity injection,” he said.

Pattaya One New Thailand, your go-to source for global and local news, alongside effective business advertising opportunities, tailored to the vibrant city of Pattaya.
Translate »